741 Kenwood PkwyMinneapolisMN55403
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $3,537/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 6.54% with $3,537/mo rent. Return on cash invested shows 17.16% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 88.14% and total cumulative return in cash records $188,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,537/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Single Family
Built in 1919
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55403, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 2,259 (16.3%) |
| Renter Occupied HU | 10,313 (74.4%) |
| Vacant Housing Units | 1,283 ( 9.3%) |
| Median Home Value | $538,012 |
| Average Home Value | $658,136 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
969
Multi-Family
11,574
Businesses
663
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Listed by: Tara Engebretson • Fazendin REALTORS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6772780